FIRST HOME BUYER (FHB)

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	The Good Guys Home Appliance Package
	Residex Property Report
	Printable FHB 10 Steps Guide

Advantage Plus First Home Buyer Loan
Now that you have found your ideal home, it's time to find your ideal loan. Our Advantage Plus First Home Buyer Loan has been specifically designed to cater for the needs of the first home buyer.
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First Home Buyer Guide
The journey to buying your first home can be either pleasurable or somewhat frightening. To help make sure that yours is a pleasurable one, we have designed a guide to help you every step of the way. Let's begin the journey. Find out more>>

First Home Owner Grant
When buying your first home you may also be entitled to a Government grant in your State or Territory. To find out more about what First Home Owner Grant is available to you, simply Click Here>>

Stamp Duty Exemption
Depending on your circumstances and location, a First Home Buyer may also be entitled to a Stamp Duty Exemption or part thereof. To see if you are entitled to an exemption, just Click Here>>

Checklists and Calculators
When buying your first home, there is a great deal to remember and it's quite conceivable that along the way, important items may be overlooked. There is also the added worry of trying to determine what you can or can't afford. Worry no more! We have taken the necessary steps to guide you through on both fronts. Find out more>>

Need advice? Ask Vicky
As a First Home Buyer, wouldn't it be nice if you were able to obtain some knowledgeable advice at the touch of a keyboard? Our Managing Director, Vicky Edema, is a past State and National President of the Mortgage Finance Associate of Australia (MFAA) and has a wealth of experience in mortgage lending. To Ask Vicky Click Here>>

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Full Member of MFAA
Austral is a member of the Mortgage & Finance Association of Australia (formerly MIAA), the professional body for the mortgage industry.

PH: 02 9299 1833 / FAX: 02 9299 1874

TODAY: Saturday, 4th July, 2009

Private Ruling Authorisation Number 81797 - APRIL 2008
April 2008 Private Ruling Authorisation Number 81797 http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm Facts: The taxpayer sought to claim as a deduction the capitalised interest on additional borrowings used to meet the shortfall between the rental income on his investment property and the interest, rates and maintenance costs he paid in relation to the property. The taxpayer advised the ATO that he did not want to use his personal income to repay his private home loan debt or reinvest in other income-producing assests.

PUBLIC TAX DETERMINATION DT2008/27
DECEMBER 2008 Public Tax Determination TD2008/27 http://law.ato.gov.au/atolaw/view.htm?locid=TXD (then follow the prompts) TD 2008/27 has now clarified the position for the public generally. The factors that will determine the deductibility of interest are:

My Choice
Austral has recently expanded its product offering through its My Choice loan initiative. My Choice provides borrowers with access to a wide range of lenders and loan products for residential, commercial and equipment finance, so no matter what your need our friendly and experienced staff can assist you.

NAB BOSS TO IGNORE RATE CUTS - APRIL 2009
RESERVE Bank interest rate cuts will no longer have any significant influence on home mortgage rates, a bank chief said yesterday.

WEALTH MAXIMISER - INVESTOR ASSIST UPDATE - JUNE 2008
The ATO has recently published an edited version of a Private Ruling on its website: http://www.ato.gov.au/rba/content.asp?doc=/rba/content/81797.htm A taxpayer and client of Austral Mortgage, applied for the private ruling to seek confirmation from the ATO that if there was a shortfall between his investment income and his investment outgoings then that shortfall could be capitalised under the home and investment loan & line of credit structure noted in his application.

WEALTH MAXIMISER UPDATE - MAY 2008
Ever since the High Court decision in Hart's case, taxpayers have been seeking clarity from the ATO on the deductibility of capitalised interest in certain loan structures. On 16th April 2008 a favourable Private Ruling issued to an Austral client that provides insight into the ATO's current thinking on the subject.

WEALTH MAXIMISER UPDATE - FEBRUARY 2008
Wealth Maximiser Update 12th February 2008 - We have advice from the ATO that it is well advanced on a binding Tax Determination regarding the deductibility of capitalised interest on a line of credit facility. Borrowers with both a home loan and an investment loan should consider including a capitalising line of credit within their loan structure or at least ascertaining from their lender that they could access such a facility by way of a simple variation of their existing mortgage.

Trans Tasman Finance
Did you know that Austral has a wholly owned subsidiary, Gem Home Loans Limited, in Auckland NZ - we are able to assist with organising mortgage finance for you should you be considering buying property in NZ.

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